Retail Sales in Colombia

Colombia Retail Sales | Economic News & Forecasts

Colombia - Retail Sales

The latest national accounts data showed that the economy accelerated in the second quarter on the back of a rise in domestic demand. Private consumption picked up pace as inflation dipped and consumer confidence jumped to a three-year high, while fixed investment rebounded on a recovery in machinery and equipment. Although exports rebounded in Q2 on higher oil prices, the external sector dragged more severely on growth as imports outpaced exports. Going into the third quarter, private consumption likely moderated as the unemployment rate crept back up in July and consumer confidence fell in the month. July’s PMI reading was higher than the previous month, however, signalling improved prospects for the manufacturing sector. On 27 August, President Iván Duque announced Colombia’s withdrawal from the Union of South American Nations (UNASUR) after criticising its accommodative stance on Venezuela and due to disagreements over which country should provide the regional bloc’s next president. The move to leave UNASUR is expected to be completed within the next six months.

Colombia - Retail Sales Data

2013  2014  2015  2016  2017  
Retail Sales (annual variation in %)4.7  8.4  6.4  2.0  -0.2  

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Colombia Retail Sales Chart

Colombia Retail
Note: Annual variation of real retail sales in %.
Source: Statistical Institute (DANE).

Colombia Facts

Bond Yield6.920.0 %Sep 20
Exchange Rate3,006-0.17 %Sep 20
Stock Market12,207-0.66 %Sep 20

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